ICOs are making a comeback. After years of skepticism following the 2017-2018 hype cycle and subsequent regulatory crackdowns, initial coin offerings are resurging as a viable fundraising mechanism for blockchain projects. The shift reflects evolving market sentiment—institutional interest in Web3 is picking up, tokenomics frameworks have matured, and projects are approaching launches with greater legitimacy. Whether this marks a sustained recovery or another speculative wave remains to be seen, but the renewed attention suggests ICOs aren't entirely relegated to crypto history.